Trader Mindset

In his guest post at MartinKronicle, Victor Sperandeo stated that he believes the market high is in for the year. Maybe he's wrong - maybe he's right.  But if you trade the S&P 500, listen up. Trading rallies in a downtrending market is a different environment - and different trading style - than trading long in a bull market. It's a new dynamic that you have to get used to, mostly by doing it. If...

Michael Martin discusses the roles of luck and skill in your trading and offers a fool-proof way to create a greater amount of luck. 

All you can hope for is that you use the frustration to motivate you to find another solution to decrease the frequency of what brings forth the frustration in the first place. That is of course, unless you want to continue feeling frustrated - then keep doing what you're doing because you already have a perfect system of generating frustration. 

Has this every happened to you? You're in a great trade, you have unrealized gains, and you're feeling good about your execution.  You're about to add to your winner, when the market craps the bed and takes the entire market down so that your gains are wiped out in less than an hour.  Worse, the market rebounds entirely over the next few days as you watch your former position rally to new highs. ...

You will get fired for trading in a way where you don't have a defined edge faster than you will for poor performance.   

Your "leads" or potential clients are not going to understand some of the industry terms that you might use during your presentation, so they are not going to know what questions to ask. They are not going to want to look stupid, so don't expect them to ask you what a certain word means. Here's what I would do: 1) avoid jargon - don't use big words that the average person won't know 2) stay on mes...

This is a brief glimpse of some of what we cover in our courses. No one wants to hear how great a trader or PM you are in a raging bull market. Everyone has it all figured out.  Then something bad happens and they're equity gets hit by 10%... You enter the picture and show people how you can remain calm under pressure and capture the majority of the up moves and not capitulate at the market bottom...

Live instruction from Michael Martin who is joined by Peter Borish and Brynne Kelly. Other lessons by Scott Kaminski and Tony Saliba.  Plus, special guests...

The more frequently you trade, the worse it is.

Peter Borish joins Michael Martin for his weekly visit. 

Any group of unsophisticated investors or traders who are committing real capital can push the markets around based upon what they're reading in social media. You have to respect their collective power.  My job is still to protect capital despite or regardless who I trade against. A group of pikers acting in concert can run me over despite my methodology and 3 decades of experience.   

Glaring at the screen isn't going to generate trade ideas. Volatility does not mean opportunity. Your trading plan has to be set before you take action. 

Risk a fraction of what you're normally risking per trade. You will need to learn how the new component or strategy will work in concert with your existing rules. 

Have a wish list and be prepared when things go on sale

Matt Dula is a former Marine having been honorably discharged from the USMC in 2014 after a 5-year commitment as am an infantry mortarman. He was on 5 different prescription meds when he returned home as a result of a tour in Afghanistan and an MEU in the Middle East. He is currently the CEO of CVRN - the Cannabis Virtual Reality Network. He replaced all 5 of those prescription drugs through the u...

A small allocation is a strategy. A large allocation is a business. How you handle yourself in market corrections instructs allocators how you will handle yourself with their money.  Have a game plan ahead of time. The market is always right - don't deflect blame. Really good traders understand themselves very well. They have ownership of their emotions and trading.  Pairs trading is a good way to...